The latest pre-WWDC rumors don’t involve the iPhone, the Mac, or even Snow Leopard. The buzz making it’s way around the bloggosphere is that Apple has it’s eye on the social, micro-blogging service Twitter.

The site TechCrunch has posted a report on the growing rumor of an Twitter buy-out:

Today, though, rumors popped up that Apple may be looking to buy Twitter. “Apple is in late stage negotiations to buy Twitter and is hoping to announce it at WWDC in June,” said a normally reliable source this evening, adding that the purchase price would be $700 million in cash.

The article goes on to remind readers that Twitter, and CEO Evan Williams, turned down a bid from Google earlier this year in favor of staying independent. Other news stories have reported that Twitter is looking at different revenue generating models such as a “Twitter Pro” account for businesses and power tweeters in the hopes of offsetting the cost maintaining the rapidly growing service. Twitter is hoping to bring on more investors rather than selling out.

It is interesting to note that Twitter’s offices in San Francisco are all Mac-based and supposedly has a very good relationship with Apple, so if anyone had a chance it might be the Cupertino computerappliance device maker. Personally, I don’t see why Apple would do this. Granted, Twitter is popular and could possibly be intergrated into MobileMe, but Apple doesn’t usually get involved in something unless it will sell more of their products, and even though there is no shortage of Twitter clients for the iPhone, I don’t see it being a selling point to move more hardware. Send us your thoughts in the forums!